Criteo (NASDAQ:CRTO) Trading Up 13.2% – Here’s Why

Shares of Criteo S.A. (NASDAQ:CRTOGet Free Report) shot up 13.2% during mid-day trading on Monday . The company traded as high as $21.26 and last traded at $21.5970. Approximately 331,241 shares were traded during mid-day trading, a decline of 22% from the average session volume of 424,828 shares. The stock had previously closed at $19.08.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRTO. Stifel Nicolaus dropped their target price on Criteo from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Criteo in a research note on Monday, April 20th. Morgan Stanley reduced their price objective on Criteo from $33.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 13th. Benchmark lowered their price target on Criteo from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $18.00 price objective (down from $34.00) on shares of Criteo in a research report on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.44.

Read Our Latest Research Report on Criteo

Criteo Trading Up 17.6%

The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 10.35 and a beta of 0.30. The stock has a fifty day simple moving average of $17.66 and a 200-day simple moving average of $18.53.

Criteo (NASDAQ:CRTOGet Free Report) last posted its earnings results on Tuesday, March 31st. The information services provider reported $0.73 EPS for the quarter. The business had revenue of $424.64 million during the quarter. Criteo had a return on equity of 14.98% and a net margin of 6.06%. Sell-side analysts forecast that Criteo S.A. will post 3.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sarah Js Glickman sold 2,465 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $17.06, for a total value of $42,052.90. Following the completion of the sale, the chief financial officer owned 431,879 shares of the company’s stock, valued at $7,367,855.74. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Criteo

Several large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its holdings in shares of Criteo by 1,376.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,270 shares of the information services provider’s stock worth $45,000 after acquiring an additional 1,184 shares during the last quarter. Invesco Ltd. increased its holdings in Criteo by 7.2% during the 2nd quarter. Invesco Ltd. now owns 16,313 shares of the information services provider’s stock worth $391,000 after purchasing an additional 1,094 shares during the period. Qube Research & Technologies Ltd boosted its stake in Criteo by 145.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 432,881 shares of the information services provider’s stock worth $10,372,000 after buying an additional 256,227 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Criteo by 41.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,587 shares of the information services provider’s stock worth $206,000 after acquiring an additional 2,524 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Criteo by 1.9% during the 2nd quarter. Alliancebernstein L.P. now owns 4,411,988 shares of the information services provider’s stock valued at $105,711,000 after purchasing an additional 82,134 shares in the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

About Criteo

(Get Free Report)

Criteo is a global technology company specializing in digital performance advertising and commerce media solutions. The company provides a range of AI-driven ad products designed to help brands, retailers, and agencies deliver personalized promotional messages to consumers across web, mobile, and connected TV environments. By leveraging large-scale data analytics and machine learning algorithms, Criteo’s platform optimizes the timing, placement, and creative of ads to drive engagement and conversions.

At the core of Criteo’s offering is its dynamic retargeting solution, which enables advertisers to automatically generate and display personalized product recommendations based on user behavior.

Further Reading

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